On April 28, COSCO SHIPPING Lines (Saudi Arabia) Co., Ltd. held an unveiling ceremony in Dammam, Saudi Arabia. Zhang Yong, Executive Vice President of COSCO SHIPPING, Abdullah Munif, Vice Chairman of Saudi Ports Authority, Tian Dong, Chairman of COSCO SHIPPING West Asia, Cen Wei, General Manager of COSCO SHIPPING Lines Saudi Arabia, and representatives of the joint venture jointly witnessed the establishment of the new company.

Saudi Arabia is one of the important markets for COSCO SHIPPING to deepen its overseas presence, and the establishment of COSCO SHIPPING Lines (Saudi Arabia) is a milestone. In the future, COSCO SHIPPING Lines will leverage its professional advantages and actively utilize the terminal resources invested by the port company in Jeddah Port and the railway terminal project to be built by COSCO SHIPPING West Asia in Jubail Industrial City to better serve the fleets of various professional companies under COSCO SHIPPING. By deploying the group’s global logistics resources, it will establish an integrated logistics service including “sea transportation-customs clearance-land transportation-warehousing”.